Iran seizes assets of tycoon under investigation

The Iranian judiciary says the assets of detained Iranian tycoon Babak Zanjani have been confiscated. The Mehr News Agency reports that all the assets under Babak Zanjani's name have been identified and confiscated by order of the prosecutor.

Iran lawmakers accuse billionaire Zanjani of corruption - Twelve Iranian parliamentarians have accused Iranian billionaire Babak Zanjani of corruption, calling for an inquiry into his financial activities, Press TV reports. The Iranian parliamentarians made the request through a letter to the heads of the three branches of the Iranian government. 12/30/13

Iran: President Rohani Targets Profiteers Exploiting Sanctions - Iranian President Hassan Rohani has called for a task force to combat those who are driving up their profits by taking advantage of the sanctions. Iranian media reported on Saturday December 28 that deputy president Eshagh Jahangiri has been appointed as the head of this task force, and the government has announced that "healthy economic activity is a priority of the government." 12/29/13

- According to Iran's oil minister, billionaire businessman Babak Zanjani owes the Iranian treasury $2 billion. Oil Minister Bijan Namdar Zanganeh told reporters yesterday that "Zanjani has not yet returned $2 billion in oil sales. He said the money has been deposited in his account, but the account has been blocked by the Americans." - 9/13/13